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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
995 Frst St Reno, NV 89509-2704
Entity Owned
~
Est. High Equity
Property ID
US62-0014036
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,326 SF
Lot
0.16 ac (7,013 SF)
Zoning code
MURES
APN
011-324-05
UPID
US62-0014036
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Criterium-Henderson Engineers Home Inspector Structural Engineer
-
Appia Appraisal Group Real Estate Agency
-
Jim Bailey Appraiser Real Estate Agency
-
Corthell & Associates Real Estate Agency
-
Dolphin Secretarial Services Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$385k
Comparable Approach
Comparable
$397k
Blend (final)
Blend
$625k
Owner & transaction history
Automotive Way LLC
Automotive Way LLC
since 2026
Last sale
$660,000
7 recorded transactions
Zoning & alternative use
MURES · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$705,000
+87.8%
Neighborhood: shopping center
$535,000
+41.5%
Medical building
$465,000
+23.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Reno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reno submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$585,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$415,000
6.5%
$385,000
7%
$355,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$375,000
Current use
COMMERCIAL (GENERAL)
$705,000
Change: +88% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$535,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$465,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$445,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $660k (Feb 9 2026)
Last sale anchor
$660k
Feb 9 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$471 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,210
Tax year 2023
Assessed value
$78,580
Assessed 2023
Previous assessed
$68,742
+14.3% YoY
Effective rate
2.81%
On assessed value
Assessed land
$49,091
Assessed improvement
$29,489
Land market value
$140,260
Improvement market value
$84,253
Total market value
$224,513
Applied tax rate
1,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
1
Units
1
Bathrooms
1
Total area
1,326 SF
Lot
0.16 ac (7,013 SF)
Zoning code
MURES
APN
011-324-05
UPID
US62-0014036
Jurisdiction
WASHOE
Zoning & alternative use
MURES · Reno, NV
Zoning MURES · permitted uses
MURES · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$375,000
COMMERCIAL (GENERAL)
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$535,000
MEDICAL BUILDING
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$445,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Stories
1
Units
1
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Automotive Way LLC
Entity
Mailing address
539 RIVERSIDE DR, RENO, NV 89503-5331
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
$660,000
Automotive Way LLC
Barker Homes LLC
Bargain & Sale Deed
—
Jul 31, 2023
$650,000
Barker Homes LLC
Bch Properties LLC
Bargain And Sale Deed
—
Nov 30, 2005
$490,000
Bch Properties LLC
Carole Scheidt Nystrom
Bargain And Sale Deed
$392,000 · First National Bank Of Nevada
Nov 30, 2005
—
Cje Trust
Nystrom,john A
Grant Deed
related
—
May 26, 2005
—
John A Nystrom
Scheidt-nystrom,carole
Quit Claim Deed
—
Mar 17, 2005
$442,500
Cje Trust
Gray,doug
Grant Deed
$254,000 · Jim Holland
Jul 2, 1999
$242,000
Doug Gray
Savage,anabelle G
Grant Deed
$192,000 · Seller
Jun 30, 1994
$190,000
Anabelle G Savage
Karp,kevin R & K
Grant Deed
$130,000 · Americorp Funding
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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